Canada Pension Plan Investment Board acquired a new stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK – Free Report) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 214,220 shares of the business services provider’s stock, valued at approximately $38,459,000.
Several other institutional investors and hedge funds have also bought and sold shares of VRSK. Mcguire Capital Advisors Inc. bought a new stake in Verisk Analytics in the 4th quarter worth approximately $27,000. Osterweis Capital Management Inc. bought a new position in Verisk Analytics during the second quarter valued at approximately $28,000. Reflection Asset Management purchased a new position in shares of Verisk Analytics during the fourth quarter worth approximately $30,000. Elyxium Wealth LLC purchased a new position in shares of Verisk Analytics during the fourth quarter worth approximately $31,000. Finally, MCF Advisors LLC lifted its holdings in shares of Verisk Analytics by 141.7% in the 4th quarter. MCF Advisors LLC now owns 145 shares of the business services provider’s stock worth $32,000 after acquiring an additional 85 shares during the last quarter. 90.00% of the stock is currently owned by hedge funds and other institutional investors.
Verisk Analytics Price Performance
VRSK stock opened at $191.02 on Friday. Verisk Analytics, Inc. has a 1 year low of $155.94 and a 1 year high of $273.83. The company has a market cap of $24.86 billion, a P/E ratio of 29.34, a PEG ratio of 2.10 and a beta of 0.67. The firm has a 50-day moving average of $188.94 and a 200 day moving average of $185.34. The company has a debt-to-equity ratio of 10.42, a current ratio of 1.01 and a quick ratio of 1.01.
Verisk Analytics Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Tuesday, September 15th. Verisk Analytics’s payout ratio is presently 30.72%.
Insiders Place Their Bets
In related news, CEO Lee Shavel sold 3,535 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $196.94, for a total transaction of $696,182.90. Following the transaction, the chief executive officer owned 98,490 shares in the company, valued at $19,396,620.60. This represents a 3.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Samuel G. Liss sold 6,765 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $177.63, for a total value of $1,201,666.95. Following the completion of the transaction, the director owned 69,098 shares in the company, valued at approximately $12,273,877.74. This trade represents a 8.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 22,227 shares of company stock worth $4,174,599 in the last three months. Corporate insiders own 0.52% of the company’s stock.
Analysts Set New Price Targets
VRSK has been the subject of several analyst reports. Morgan Stanley set a $235.00 price target on shares of Verisk Analytics in a research report on Thursday, April 30th. JPMorgan Chase & Co. boosted their target price on Verisk Analytics from $220.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Evercore set a $223.00 target price on Verisk Analytics in a report on Thursday, July 30th. Robert W. Baird set a $247.00 price target on Verisk Analytics in a research report on Thursday, July 30th. Finally, Bank of America decreased their price target on Verisk Analytics from $225.00 to $190.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $236.27.
Check Out Our Latest Stock Report on Verisk Analytics
Verisk Analytics Profile
Verisk Analytics, Inc (NASDAQ: VRSK) is a data analytics and decision‑support provider that helps organizations assess and manage risk. The company supplies data, predictive models and software to customers in insurance, reinsurance, financial services, government, energy and other commercial markets. Its offerings are designed to support underwriting, pricing, claims management, catastrophe modeling, fraud detection and regulatory compliance, enabling clients to make more informed operational and strategic decisions.
Verisk’s product portfolio combines large proprietary datasets with analytics platforms and industry‑specific applications.
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